Occidental Is Disappointed: Occidental Petroleum Corp. said...

Occidental Is Disappointed: Occidental Petroleum Corp. said it was “disappointed” that Standard & Poor’s had downgraded its credit rating the day before, and reaffirmed its intention to maintain a $2.50-a-share annual dividend. “Our financial position is strong, and our cash flow will continue to support our longstanding dividend policy,” the company said. “The lower debt rating will have very little impact on Oxy as our debt maturity schedule has no more debt coming due this year and only $52 million coming due next year,” the company added.